Frankfurt (dpa -AfX) – lower interest rates and the planned billion dollar investments by the federal government have further improved the mood in the German economy. As the IFO Research Institute announced on Friday, the IFO business climate in July rose slightly by 0.2 points to 88.6 points and therefore not as clearly as expected from experts. Both the assessment of the current situation and the evaluation of future business have assessed the companies surveyed somewhat better.
An overview of the economists on the IFO business climate:
Jörg Krämer, chief economist Commerzbank
“The pace of relaxation is weak, the ifo index drags itself up. This also applies to the shopping manager index and the order inputs. The upward movement is steamed by the emerging higher US tariffs and by the further poor location quality, for which, due to the lack of restart in the economic policy, from the perspective of most companies does not appear to be able to improve.”
Ulrich Kater, chief economist of the Dekabank
“The upswing comes very quietly. Step by step, the economic mood in Germany improves. This snail’s pace in the upswing is understandable in the face of a constant headwinding of customs threats, strong Chinese competition and still inadequate location conditions in Germany. If the duty topic calms down at least in the coming weeks and is positive in autumn, the economic sign can be made in autumn Record up the upward movement in the further course of the year. “
Thomas Gitzel, chief economist at VP Bank
“The German economy seems to be easy in the second half of the year. In the meantime, there is no question of economic dynamics. A slight economic recovery in the present environment only means that the growth rates are stabilizing over the zero brand. Only in the coming year should then improve the economic situation more clearly in the higher infrastructure spending.”
Klaus Bauknecht, analyst at the IKB Deutsche Industriebank
“In order to decisively counter the de-industrialization and the continuing employment of employment in the manufacturing trade, politics only needs a lot more tailwind. For the current year, IKB only expects a moderate GDP growth of 0.3 percent, which should accelerate to 1.4 percent in 2026.”
Greg Fuzesi, analyst at the US bank JPMorgan
“Fortunately, the expectations in the construction industry have risen in a leap in the past two months. This indicates that companies expect a significant improvement due to the budgetary turnaround and past interest reductions of the ECB.”
Valentin Jansen, analyst at the NordLB
“Working before an escalation in the trade disputes with Washington may have played an important role here, which remains a central risk for the fragile German economy. Rather, hard economic data suggests that with a view to the second half of the year, a conversion of the internal economic pulses that have been stormed in recent months will arrive.”
Marc Schattenberg, analyst at Deutsche Bank
“Remarkably, despite trading policy uncertainties, both the situation and the expectations were brightened in the processing.
Christoph Swonke, analyst at DZ Bank
“The special fund adopted by politics for the infrastructure and the higher defense spending is likely to ensure an economic impulse, but this will probably only come into its own next year. The uncertainty of how the customs negotiations are based between the EU and the United States is still the controlling topic. Here, the old wisdom applies: Economy is psychology and a stable framework for business.”
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